Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $29.70 and traded as high as $29.75. SPDR Portfolio Short Term Corporate Bond ETF shares last traded at $29.73, with a volume of 3,964,726 shares.
SPDR Portfolio Short Term Corporate Bond ETF Price Performance
The stock has a 50-day moving average price of $29.70 and a 200 day moving average price of $29.96.
Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF
A number of hedge funds have recently added to or reduced their stakes in the business. Valmark Advisers Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.5% in the first quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock valued at $274,454,000 after acquiring an additional 389,971 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% during the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after purchasing an additional 2,573,239 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.1% during the second quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock worth $199,841,000 after purchasing an additional 663,851 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock worth $177,034,000 after purchasing an additional 593,008 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8.3% in the second quarter. State Street Corp now owns 3,530,180 shares of the company’s stock valued at $105,941,000 after purchasing an additional 269,832 shares during the period.
About SPDR Portfolio Short Term Corporate Bond ETF
The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.
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